Insolvency: Small Businesses
(asked on 16th June 2020) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what assessment they have made of the impact of pre-pack administrations on SME creditors.
Answered by
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 29th June 2020
The Government has not carried out a specific assessment of the impact of prepacks on SMEs. However, the Insolvency Service has reviewed the impact of voluntary measures introduced in 2015 to improve transparency and confidence in pre-pack sales in administration, including the impact on creditors and its findings will be issued in due course.